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Dec 2, 2013
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economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gave me a wink. he said there was going to be fights with the ministries. he didn't want to touch education or hurt welfare basically spending.
economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this...
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Dec 5, 2013
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economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that will lead into the bank of england decision, as well. >>> the japanese cabinet has approved a stimulus package worth $182 billion. we have the story from tokyo. >> hi, ross. this massive package is expected to push up the nation's real gdp by around 1%. government spending is to total around $54 billion. $13 billion or 25% of this will be allocated to help improve competitiveness of japanese industries and to strengthen metropolitan functions ahead of the 2020 tokyo olympics. the rest will be spent on things like reconst
economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that...
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Dec 10, 2013
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but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going to be -- next year if things don't start improving. >> we saw quite a bit of institutional flow out of the u.s. and into europe. is that the right move? and is that -- what would you favor, european equities over the u.s. or not? >> in the very short-term, we favor the u.s. because momentum is there. that's where the source is and i think you try and stay close to the source of the qe. european markets last week hit a bit on of a speed bump in the road. and the technical momentum picture of the european markets, france in particular, actua
but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going...
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Dec 9, 2013
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>> i think as long as they think the economy is okay, they will do that. there will be an appetite and mandate. if we were to see worries about the growth outlook, i think then they may actually lose a bit of that appetite for a tightening. we are relatively optimistic. >> the reforms are getting omnipotent. do you go along with that feel? >> to be honest, not really. i think most of the reforms, they stand a good chance of actually getting through or having an impact in 2014. i think on balance, neutral, even a bit positive. the reforms that seem to have the best scope for actually making good progress are on financial liberalization, increasing the opportunities for private capital. i think those kinds of reforms are probably slightly good for growth rather than bad for growth in my view. >> all right. good to see you. thanks so much, indeed, for joining us. have a good week. we'll take a short break. >>> still to come, just a week after egypt's new constitution was drawn up, we'll speak about investment and aid. see you in a few minutes. hi honey, did y
>> i think as long as they think the economy is okay, they will do that. there will be an appetite and mandate. if we were to see worries about the growth outlook, i think then they may actually lose a bit of that appetite for a tightening. we are relatively optimistic. >> the reforms are getting omnipotent. do you go along with that feel? >> to be honest, not really. i think most of the reforms, they stand a good chance of actually getting through or having an impact in 2014....
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Dec 4, 2013
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exports saved the economy from contraction. but the 0.6% growth rate on the quarter still missed market expectations and that's why the aussie/dollar is lower again this morning. it was down to 90.18. >>> feel free to take note. australians struck a deal not to raise it, but to scrap it. the government wanted an increase, but decided to remove it completely. as for the agenda in asia tomorrow, peter decided to return to bangkok. south korea posted revised third quarter gdp figures. while in the philippines, we'll see what kind of inflationary affect high foon haiyan brought. >>> european equities steady at the moment. heavy data today. also still to come, iran and iraq are looking to boost oil production. will saudi arabia look over and cut its own supply? we'll get the latest from vienna. and the christmas tree lights are going on in new york today, as well. >>> this is "worldwide exchange." i'm ross westgate. >> who has to accommodate the iranian markets? >> the markets. >> but not just opec. but there are concerns that iraq
exports saved the economy from contraction. but the 0.6% growth rate on the quarter still missed market expectations and that's why the aussie/dollar is lower again this morning. it was down to 90.18. >>> feel free to take note. australians struck a deal not to raise it, but to scrap it. the government wanted an increase, but decided to remove it completely. as for the agenda in asia tomorrow, peter decided to return to bangkok. south korea posted revised third quarter gdp figures....
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Dec 6, 2013
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economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his triumph inspired millions. >>> on behalf of the united nations, i extend my deepest co
economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been...
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Dec 3, 2013
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economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to a
economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts....